Economics
Turkish Government to Consider State of Emergency After Coup
- Lira falls to record low after S&P cuts ratings on coup affect
- National Security Council, AK Party, cabinet to meet Wednesday
Turkey's Erdogan Expands Purge Across Country
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A leading member of President Recep Tayyip Erdogan’s ruling AK Party said Turkey could consider imposing “extraordinary measures” as top security officials met for the first time since Friday night’s thwarted coup. The lira fell to a record low after S&P Global Ratings downgraded the country’s debt.
The National Security Council, which consists of Erdogan and top generals as well as some members of government, “may take some steps” if it decides that a state of emergency is necessary, AK Party Deputy Chairman Cevdet Yilmaz told Haberturk television. The council meeting ended just before 6 p.m. in Ankara, after which Erdogan was to gather the cabinet for talks that could last hours.